REG - EnSilica PLC - Siemens AG Award Design & Supply Contract

EnSilicaAnnouncement

12/09/2024 07:00

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RNS Number : 8443D  EnSilica PLC  12 September 2024

The information contained within this announcement was deemed by the Company
to constitute inside information as stipulated under the UK Market Abuse
Regulation.

 

12 September 2024

 

EnSilica plc

("EnSilica", the "Company" or the "Group")

 

Siemens AG Award Design & Supply Contract

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce that it has been awarded an
additional ASIC design and supply contract by Siemens AG ("Siemens"), the
multinational technology conglomerate (the "Contract").

 

The NRE (non-recurring engineering) component of the Contract will commence in
calendar year 2025, with the initial production phase expected to start in Q4
2027.

 

Siemens incorporates ASICs in various industrial automation systems, including
their programmable logic controllers ("PLCs"), motor drives, and other control
devices. These specialised chips enhance functionality, reduce power
consumption, and improve overall system reliability, underpinning Siemens'
market-leading position.

 

The Contract supports current market expectations for this financial year and
next.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"We are proud to have been awarded an additional ASIC design and supply
contract with Siemens, one of the market leaders in the fast-growing segment
of process automation. The award of this contract further reinforces our reach
within the industrials sector, alongside enhancing our reputation for being an
ASIC partner of choice."

 

Dieter Brückner of Siemens AG commented:

 

"We are pleased to be working with EnSilica on another ASIC. Their digital and
mixed signal ASIC expertise and locality makes them a strong partner for
Siemens."

 

For further information please contact:

 

 EnSilica plc                                                        via Vigo Consulting

 Ian Lankshear, Chief Executive Officer                              +44 (0)20 7390 0233

 Kristoff Rademan, Chief Financial Officer

 www.ensilica.com (http://www.ensilica.com/)

 Allenby Capital Limited, Nominated Adviser & Joint Broker           +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)                  info@allenbycapital.com (mailto:info@allenbycapital.com)

 Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)

 Singer Capital Markets, Joint Broker

 Rick Thompson / Asha Chotai                                         +44 (0)20 7496 3000

 Vigo Consulting (Investor & Financial Public Relations)             +44 (0)20 7390 0233 ensilica@vigoconsulting.com

                                                                   (mailto:visum@vigoconsulting.com)
 Jeremy Garcia / Kendall Hill

 

About EnSilica

 

EnSilica is a leading fabless design house focused on custom ASIC design and
supply for OEMs and system houses, as well as IC design services for companies
with their own design teams. The company has world-class expertise in
supplying custom RF, mmWave, mixed signal and digital ICs to its international
customers in the automotive, industrial, healthcare and communications
markets. The company also offers a broad portfolio of core IP covering
cryptography, radar, and communications systems. EnSilica has a track record
in delivering high quality solutions to demanding industry standards. The
company is headquartered near Oxford, UK and has design centres across the UK
and in Bangalore, India and Porto Alegre, Brazil.

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